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28 May 2024 | 9 replies
The higher the earnest money the stronger the offer.
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29 May 2024 | 7 replies
FOLLOW THE K.I.S.S method plan (keep it simple and stupid).Find and hire a real estate agent that understands multiple investment strategiesGet pre-approved - see what options you havebased on your pre approved price - identify an area you want to invest in that you can affordLeverage the agent to : bring you properties, assist in pulling comparables (you should know your comparables of the area you are looking in, this is for a second opinion) review and confirm your estimated rental income, assist you with acquiring the property, and have a list of resources you could use; contractors etc.Looks at properties and make offers that work for YOU.Also,Do not pull your IRA money out, leave it there and let it grow - leverage this to meet your lenders reserve requirements.Buy Multi family to holdBuy single family to fix and flip and produce more income to buy more multi families.
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31 May 2024 | 187 replies
After you eliminate all personal debt besides your mortgage & max out retirement accounts & have a healthy savings account, you need to set aside downpayment + reserves to buy 1 house every 2-3 years and allocate a % to equities & private debt offerings as the rest.
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27 May 2024 | 5 replies
Most agent wants to sell under my personal name and add my LLC name which is the beneficially of my land trust as a additional insured which do not make sense since the property title under the land trust.
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28 May 2024 | 4 replies
I had leased to one of the actors who created a service offering especially for movie industry folks and sub leased to the crews working in movie industry.
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28 May 2024 | 5 replies
The City of Findlay also offers property tax incentives for developing vacant land.
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28 May 2024 | 7 replies
She doesn't want to list it and sell it traditionally because of fees.She is offering a deal to assume the loan, and it is assumable, but the problem is, it's FHA.
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27 May 2024 | 4 replies
Quote from @Kadia Lawrence: I won't accept new renters with section 8 because HUD delays are ridiculous and result in additional loss of income.
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28 May 2024 | 2 replies
You will need an offer to purchase contract, promissory note, and deed of trust if you are looking to do an owner financed lot.
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28 May 2024 | 5 replies
Hi Christopher, I'm a realtor in the area and I thought I'd run some numbers for you just to get a better picture of the risk/reward of a LTR vs STR.Currently netting $250 a month on the LTRIf you rented it as a STR on a nightly basis for $135 with an expected estimated vacancy of 56% (average for the area) that's a gross income of $21,681 less your mortgage $17,400 and less expenses such as water electric and internet of an estimated $4200 puts your annual net at $81.To make the STR profitable for the additional work you'd have to rent it for more than $135 a night and for more nights than the Nashville average of 44% occupancy.